Madison Realty Capital seeks equity partner to close $270M Midtown deal

Buchanan NYC

160 East 48th Street (inset: Josh Zegen, courtesy of Chance Yeh)

Madison Realty Capital is in contract to acquire a 16-story Midtown East rental building known as the Buchanan for $270 million. But first, the company is seeking a joint-venture partner to cough up nearly $100 million in equity to close on the purchase and renovate the property. (more…)

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